Is Inverness, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Inverness was a Seller's Market.
Housing Prices in Inverness, FL
How much do homes in Inverness, FL cost?
Median Sold Price
$245,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Inverness was $245,000 in April 2024, up 2.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $197K | $195K | -1.0% |
3 Bedrooms | $253K | $264.9K | +4.7% |
4 Bedrooms | $302.5K | $400K | +32.2% |
5+ Bedrooms | $322.5K | $425K | +31.8% |
Summary: Inverness housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes increased by 31.8%.
Housing Supply in Inverness, FL
How many homes are available in Inverness, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
167 | 172 | +3.0% |
Summary: The Inverness real estate market had 172 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 46 | 46 | 0.0% |
3 Bedrooms | 97 | 101 | +4.1% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Inverness housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Inverness in April 2024, down by 8.3% month-over-month. Of the 22 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Inverness, FL
How long does it take to sell a home in Inverness, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 27 Days | -26.9% |
Summary: Homes in Inverness had an average of 27 days on market in Apr 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Inverness; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.